Armstrong Henry H Associates Inc. Has $9.71 Million Position in CocaCola Company (The) $KO

Key Points

• Armstrong Henry H Associates Inc. reduced its position in CocaCola by 3.1%, ending with approximately $9.71 million worth of shares.
• Several institutional investors increased their holdings in CocaCola during the 4th quarter, with Scissortail Wealth Management LLC reporting a staggering 20,077.8% increase in its position.
• CocaCola recently announced a quarterly dividend of $0.51 per share, reflecting a 3.0% yield and a dividend payout ratio of 72.34%.

Armstrong Henry H Associates Inc. lowered its position in shares of CocaCola Company (The) (NYSE:KO - Free Report) by 3.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 137,304 shares of the company's stock after selling 4,360 shares during the period. CocaCola makes up approximately 0.9% of Armstrong Henry H Associates Inc.'s portfolio, making the stock its 10th largest position. Armstrong Henry H Associates Inc.'s holdings in CocaCola were worth $9,714,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC grew its position in CocaCola by 13.3% in the 4th quarter. Brighton Jones LLC now owns 39,072 shares of the company's stock worth $2,433,000 after purchasing an additional 4,591 shares during the period. Revolve Wealth Partners LLC grew its position in CocaCola by 3.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,795 shares of the company's stock worth $548,000 after purchasing an additional 293 shares during the period. Bank Pictet & Cie Europe AG grew its position in CocaCola by 12.2% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 19,102 shares of the company's stock worth $1,189,000 after purchasing an additional 2,072 shares during the period. Snowden Capital Advisors LLC grew its position in CocaCola by 1.5% in the 4th quarter. Snowden Capital Advisors LLC now owns 85,499 shares of the company's stock worth $5,323,000 after purchasing an additional 1,256 shares during the period. Finally, Scissortail Wealth Management LLC grew its position in CocaCola by 20,077.8% in the 4th quarter. Scissortail Wealth Management LLC now owns 3,632 shares of the company's stock worth $226,000 after purchasing an additional 3,614 shares during the period. Institutional investors own 70.26% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. BNP Paribas reaffirmed an "outperform" rating and issued a $83.00 target price on shares of CocaCola in a research report on Monday, July 21st. JPMorgan Chase & Co. lifted their price target on shares of CocaCola from $77.00 to $79.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. UBS Group dropped their price target on shares of CocaCola from $84.00 to $80.00 and set a "buy" rating on the stock in a research note on Thursday. Royal Bank Of Canada set a $76.00 price target on shares of CocaCola and gave the stock an "outperform" rating in a research note on Monday, July 21st. Finally, Morgan Stanley reiterated an "overweight" rating and set a $81.00 price target on shares of CocaCola in a research note on Monday, June 9th. Two research analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $76.93.

Insiders Place Their Bets

In related news, insider Nikolaos Koumettis sold 37,396 shares of the company's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $69.10, for a total value of $2,584,063.60. Following the completion of the transaction, the insider owned 209,513 shares of the company's stock, valued at approximately $14,477,348.30. This represents a 15.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.97% of the company's stock.

CocaCola Trading Down 0.9%

Shares of CocaCola stock opened at $67.00 on Friday. The company has a market capitalization of $288.35 billion, a P/E ratio of 23.76, a P/E/G ratio of 3.52 and a beta of 0.43. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.98 and a current ratio of 1.21. The company has a fifty day moving average of $69.29 and a 200 day moving average of $70.37. CocaCola Company has a fifty-two week low of $60.62 and a fifty-two week high of $74.38.

CocaCola (NYSE:KO - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.04. The company had revenue of $12.50 billion during the quarter, compared to the consensus estimate of $12.55 billion. CocaCola had a net margin of 25.89% and a return on equity of 44.91%. CocaCola's quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.84 EPS. CocaCola has set its FY 2025 guidance at 2.970-2.970 EPS. On average, sell-side analysts anticipate that CocaCola Company will post 2.96 earnings per share for the current fiscal year.

CocaCola Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.04 annualized dividend and a yield of 3.0%. CocaCola's dividend payout ratio is currently 72.34%.

CocaCola Profile

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

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